Stocks in Focus on May 28, 2020: KBANK and CRC
Stocks in Focus on May 27, 2020: KBANK (Maybank Kim Eng TP at ฿100.00/share) and CRC (KTB Securities TP at ฿46.50/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on May 28, 2020.
Maybank Kim Eng has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price of ฿100.00/share.
Maybank stated that the share price has weakened to reflect weak economy and business disruption. As a result, it became under owned and laggard. Plus, given an undemanding valuation (0.5x PBV) and a dividend yield of 4% pa, it is good for short term trading.
KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (CRC) with a target price of ฿46.50/share.
KTBST stated that the reopening economy in phase 2 is a turning point for CRC after the coronavirus outbreak in Thailand had passed its peak, while other shops at the shopping center are expecting to open normally by next week.
KTBST had a slightly positive view on the acquisition of Family Mart as the business is relatively small, compared to CRC, but the company could further Family Mart’s business for the better.